Malaysia External Trade Development Corporation

FRIDAY, MAY 16, 2014, KUALA LUMPUR: The Malaysian oil & gas SMEs that were led by Malaysia External Trade Development Corporation (MATRADE), together with Malaysia Petroleum Resources Corporation (MPRC) and Malaysian major oil & gas companies participated in the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection; Offshore Technology Conference (OTC) Houston 2014 from 5-8 May 2014. OTC is a platform for offshore products and services companies to conduct businesses and also to explore new technologies in the oil & gas industry.

The Malaysia Pavilion at OTC Houston 2014 consisted of 25 companies and government agencies. Dato’ Dzulkifli Mahmud, the Deputy Chief Executive Officer of MATRADE, who led the delegates said, “During the four-day exhibition, the Malaysian SMEs had generated an impressive amount of RM735 millions of sales." Dato’ Dzulkifli added, “Sales generated for the SMEs and major Malaysian oil & gas companies were RM1.27 billion from the 208 one-to-one business meetings arranged by MATRADE”.

Dato’ Dzulkifli further explained that these sales were generated mostly in the services' sector such as the cathodic protection system; offshore logistics; inspection services on pipelines and plants; intelligent pigging services; offshore support vessels; offshore drilling; and provision of hook-up, commissioning and topside maintenance services. In the oil & gas products' sector, the sales were generated from carbon steel fittings & flanges; mechanical seals; fabrication of cabin modular / temporary living quarters; seamless steel pipes, casing & tubing; and production chemicals for the oil & gas industry.

Dato’ Dzulkifli added, “Despite the size of the Malaysian SMEs oil & gas companies; they are capable in finding their niche in OTC. These smaller companies should come together to form partnership among themselves in order to realise the economy of scale for them to be in the supplies chain of the bigger player. “

MATRADE will continue to promote oil & gas sector to the world market and provide a platform for export ready SME companies to tap opportunities in the oil & gas sector. After third consecutive year of participation, MATRADE believes that OTC Houston 2014 has created wider opportunities for Malaysia’s oil & gas products and services in the global market.